Thursday, January 22, 2015

Family Dollar Stores Inc's shareholders approved the discount retailer's deal to be bought by Dollar Tree Inc, effectively putting Dollar General Corp out of the race to purchase the company. About 84 million shares were voted in favor of the deal, representing 74 percent of the total outstanding shares.

Dollar General Corporation is a discount retailer. Shares of DG traded higher by 2.86% or $1.92/share to $69.13. In the past year, the shares have traded as low as $53.00 and as high as $71.78. On average, 4262710 shares of DG exchange hands on a given day and today's volume is recorded at 1211425.

Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price. Shares of DLTR traded higher by 2.56% or $1.735/share to $69.54. In the past year, the shares have traded as low as $49.59 and as high as $71.53. On average, 2500930 shares of DLTR exchange hands on a given day and today's volume is recorded at 1222132.

Family Dollar Stores, Inc. (Family Dollar) operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores. Shares of FDO traded higher by 1.07% or $0.81/share to $76.36. In the past year, the shares have traded as low as $55.64 and as high as $80.97. On average, 1503360 shares of FDO exchange hands on a given day and today's volume is recorded at 608351.

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